John King
Eviction backlog in Cobb county Georgia
15 May 2024 | 3 replies
Hi John, I recommend reaching out to a local property manager (search on Google Maps) with many 5-star reviews to see what legal action you can take before the Sheriff is available to execute the eviction.Property managers specialize in landlord-tenant law and should be able to help you determine a path forward that doesn't require waiting 3 months after the lease ends.
Keri Aiken
1st multi unit rental
15 May 2024 | 0 replies
Purchase price: $68,000 Cash invested: $5,000 Sale price: $99,000 4 Unit quad in Medina NYRenters were tough and management company's locations are too far for a regular check up.Had a renter pass away and then DCS came in and the house was condemned due to farm animals in the upstairs unit where the person passed.We were too far to keep tabs on this investment so we sold the home.
Gina Watkins
Worked with Martel Family Realty/MartelTurnkey?
15 May 2024 | 7 replies
That was enough to get me through the door but his company offered a few other things I didn't expect such as an intro to the lender, title company, insurance agent, and property management team.
Shane Duncan
Found a 4-plex with great cash flow but I’m stuck
15 May 2024 | 48 replies
financing, taxes, insurance, deferred maintenance, groundskeeping, shared utilities, property management...like i said, i'm skeptical that it will truly cash flow as much as you think it might.
Sara Emmanuelle Dube
Morning Side Duplex owner Currently renovating to Rent. Out of state investor
15 May 2024 | 2 replies
Logical Property Management is managing both duplexes. or LPMOpen to chatting about ongoing renovations, updates, certificates, tenants, PMs and the neighborhood itself.
Brittany Farrell
Wind Energy Blade Company is Tenant in Default
15 May 2024 | 1 reply
She did get a signed lease agreement, even having the managing partner sign as a personal Guarantor, but not a dollar has been paid.
Connor Castillo
Cost of building a house
14 May 2024 | 2 replies
The only true way to price new construction is to design the basic plan, then price all the finishes from the least expensive to the most expensive options you would put in.
Farooq K.
Negative cash flow for 2nd rental?
15 May 2024 | 21 replies
If you are looking for a low-interest rate or new construction and you cannot find it in your backyard, then I suggest taking a look at markets outside of your state.
Jon Dawes
Keep equity for lower mortgage payment on primary v. buy cash-flowing invesements?
14 May 2024 | 6 replies
Just to clarify on some things you are considering, we currently have some excellent incentives on new construction properties that may be interesting to explore as you continue your research on what the best options are for you based on your goals.Those incentive options include:-An immediate price reduction of up to 5% of the home price to allow for immediate equity.
John E Ceisel
Need Advice On A Blanket Loan Refinance
14 May 2024 | 10 replies
Make sure you get a "Release Fee" on each property; this is an amount that is to be paid to release a property as collateral in the event you need to sell, or if you have an insurance loss that insurance proceeds will be applied to the subject property and not to the whole loan keeping you stuck with an encumbered damaged property, remember they don't make construction loans as a second and the blanket loan won't subordinate (usually) to another lender, it could get messy, so have a release fee stated and understand how payments will be applied.A line of credit is not a blanket mortgage but a line of credit can use other collateral, different animal and it may or may not fit you needs.